March 05, 2012
By:
Charles Hack / The Jersey Journal
A Jersey City based non-profit developer has converted nine vacant two-family houses into 18 affordable homes in some of the city’s neighborhoods hardest hit by foreclosures.
Officials from the Garden State Episcopal Community Development Corporation held a ribbon cutting last week on Tuesday at a three-story house at 152.5 Arlington Avenue, one of nine buildings in Greenville, Bergen/Lafayette and McGinley Square that have been renovated since going through foreclosure proceedings.
The program converts vacant “crime havens” into family homes that boost the local real estate market, said Ricardo Rosario, senior development manager with the CDC.
